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India Arrests Russian-Lithuanian Tied to Crypto Money Laundering Case

Summary:Indian authorities have arrested Aleksej Besciokov, a Russian-Lithuanian citizen, for money laundering and violating U.S. sanctions through his role in the Moscow-based crypto exchange Garantex. The U.S. accuses him of handling illicit transactions worth billions and seeks his extradition. He faces up to 45 years in prison for charges including money laundering and operating an unlicensed financial service. His arrest follows a global crackdown on Garantex, with U.S. authorities seizing domain names and freezing $26 million in related funds.

Indian law enforcement has detained Aleksej Besciokov, a Lithuanian citizen residing in Russia, over allegations of laundering money and breaching international sanctions through the Russian cryptocurrency exchange Garantex. The arrest, a joint operation by the Central Bureau of Investigation (CBI) and Kerala Police, came after a U.S. request for his extradition.

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Authorities caught Besciokov allegedly attempting to flee India. The U.S. Justice Department claims he managed Garantex, a Moscow-based exchange sanctioned in 2022 for processing over $96 billion in transactions tied to cybercriminals, terrorist groups, and drug trafficking networks.

Last week, U.S., German, and Finnish authorities dismantled Garantex’s digital infrastructure in a broader crackdown on illicit crypto activities. Besciokov faces charges of money laundering, violating the International Emergency Economic Powers Act, and operating an unlicensed financial service—offenses carrying up to 45 years in prison.

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Following a U.S. request, India swiftly issued a warrant on March 10. Besciokov will soon appear in court for extradition hearings. Meanwhile, U.S. authorities seized Garantex-linked domains and froze $26 million in related funds. Experts warn that while this is a major victory against illicit finance, similar exchanges often reappear under new identities.

Coinbase Expands Government Partnerships, Delists Tokens for New York Users

Summary: Coinbase is now collaborating with 145 U.S. government agencies and 29 international ones as crypto regulations evolve. The exchange, which safeguards nearly 12% of global crypto assets, plans to expand its workforce by 2025 due to growing institutional demand. Meanwhile, it has delisted FLOKI, TURBO, and GIGA for New York users following a routine review, with trading set to end on April 14. The company remains a key player in institutional and governmental crypto adoption, with strong compliance credentials enabling it to operate across all U.S. states.

Coinbase is strengthening its ties with government agencies, now working with 145 in the U.S. and 29 internationally amid a changing regulatory environment. The exchange has established itself as a major custodian, securing nearly 12% of the world’s crypto assets and serving financial institutions offering spot crypto ETFs.

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CEO Brian Armstrong has signaled plans to hire 1,000 new employees by 2025, citing clearer regulations. After attending a White House crypto summit, he expressed confidence in increasing U.S. investments.

On March 13, Coinbase announced it would delist FLOKI, TURBO, and GIGA for New York users after a review found they no longer met listing standards. Trading will cease on April 14 at 2 PM ET.

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Coinbase remains a trusted partner for institutions and governments, helping them securely trade, store, and use crypto. The company holds key U.S. regulatory licenses, ensuring compliance in all states.

Brazil Eyes Blockchain for BRICS Trade, Moving Away from Joint Currency

Summary: Brazil is prioritizing blockchain to streamline BRICS cross-border trade during its presidency of the bloc, moving away from past discussions about a joint currency. The focus is on improving transaction efficiency rather than challenging the U.S. dollar, especially as concerns over potential trade tariffs grow. Brazil’s central bank has been testing Drex, a tokenized financial infrastructure, though regulatory and privacy hurdles remain.

Brazil appears to be pushing for blockchain-based improvements in BRICS trade, potentially making it a key priority during its year-long presidency of the bloc, which started in January. According to Brazilian newspaper Valor Econômico, the country is shifting focus from discussions about a common BRICS currency to enhancing transaction efficiency.

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Sources close to the talks suggest that Brazil has no plans to create a currency that could compete with the dollar. This comes as former U.S. President Donald Trump has threatened heavy tariffs on nations attempting to move away from the American currency.

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Instead, the strategy may involve integrating blockchain into Brazil’s financial system. The country’s central bank has been testing Drex, a project designed to create a tokenized infrastructure for financial transactions. However, the initiative faces challenges in maintaining both privacy and regulatory compliance.

Pi Network Fans vs. Binance: Fake News Sparks Drama Over Exchange Listing!

Pi Network fans mad at Binance for not listing Pi. Fake news spread about Binance’s rating drop, but it’s false.

Binance, the world’s largest crypto exchange, is under fire from Pi Network fans, aka “Pioneers,” who feel betrayed.

The drama started when Binance ran a poll asking if Pi should be listed. Pioneers got hyped, expecting an actual listing. But Binance hasn’t given any updates, and now, Pi fans are furious.

Some social media users falsely claimed that Binance’s Google Play rating dropped to 1.5 stars because Pi supporters spammed 1-star reviews. But that’s straight-up fake news. Binance’s real rating is still at 4.2 stars.

Binance Rating On Google Play Store
Binance Rating on Google Play Store
Sure, some Pioneers might’ve left bad reviews, but the actual impact is minimal. Binance’s App Store rating did drop from 4.8 to 4.2, but nothing close to the claimed freefall.

Pi fans accuse Binance of using the poll just for social media engagement, not an actual listing. But others in crypto think review-bombing won’t work. One user said, “Stop using Binance’s rating as a hostage to list your coin.”

Meanwhile, Binance remains silent. But let’s be real—bad reviews alone won’t force the biggest exchange to list Pi.

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XRP to $10? Analyst Egrag Crypto Says It’s Closer Than You Think!

XRP hitting $10? Analyst Egrag Crypto says it’s easy, pointing to ETFs, SEC clarity, real-world use, and crypto’s future.

Crypto analyst Egrag Crypto thinks XRP hitting $10 is basically inevitable. Why? Simple math—XRP just needs to 3x from here. Right now, XRP sits at $2.25, and though volume dropped 17% in the past 24 hours, the bigger picture looks bullish.

Egrag compared XRP’s potential to past Bitcoin and Ethereum bull runs. BTC did a 21x, ETH went up 58x—so why can’t XRP just 3-4x? Plus, it already surged from $0.28 to $3.40 in the last two years, meaning “the hardest part is over.”

But the real juice? XRP has 17 ETFs lined up waiting for approval. Regulatory clarity from the SEC case could be a game-changer, letting institutions pile in. Add to that XRP’s increasing real-world adoption, and Egrag sees a market cap of $500B-$700B as totally realistic.

And he’s not stopping at $10. Long-term? He says XRP could hit $100 next cycle, depending on how high it climbs this time. The logic: if XRP reaches $10-$20 now, it only needs a 5x-10x next round to hit triple digits.

With crypto adoption at just 1.5%, Egrag sees XRP as a massive player in the future.

Ethereum’s Hoodi Testnet Drops to Fix Pectra Upgrade—Here’s Why It Matters!

Ethereum just dropped a new testnet, Hoodi, to fix Pectra upgrade issues. Expect Smart Wallets, faster transactions, and smoother upgrades soon!

Ethereum’s got some serious updates coming, but things haven’t been smooth sailing. The Pectra upgrade was supposed to be a big win, but testnet hiccups messed things up. Sepolia and Holesky ran into issues—Holesky even went completely offline for weeks! So, Ethereum devs just dropped a new testnet, Hoodi, launching March 17 to iron out the final wrinkles.

Tim Beiko, Ethereum’s core dev, spilled the tea on X (Twitter), saying Hoodi’s main goal is to test validator exits while Sepolia and Holesky handle the rest. If everything goes well, we could see Pectra officially rolling out 30 days after Hoodi’s successful fork.

So why should you care? The Pectra upgrade brings Smart Wallets, letting you program your wallet and pay gas fees in different cryptos—not just ETH. That’s a game-changer for users who hate being stuck with ETH-only fees. Plus, Ethereum is working on faster, smoother transactions, making the whole experience better for both users and devs.

Testnets like Hoodi are playgrounds for devs to test updates without using real ETH, making sure the upgrade is solid before hitting the mainnet. Fingers crossed for a smooth Hoodi launch!

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Polymarket Shows 41% Recession Probability in 2025 as Trump’s Bold Moves Shake Economy

Polymarket projects a 41% chance of US recession in 2025, with Trump’s risky policies fostering economic uncertainty.



Polymarket, the decentralized event trading platform, is now predicting a 41% chance of a US recession in 2025, with Donald Trump making bold moves since his January 2025 inauguration. What started as a joke is now a real trade, with $352k in volume as of March 12. The probability of recession has risen over 21% in a month, and panic is sweeping across the market.

Trump’s economic policies, including sweeping tariffs, mass federal layoffs, and budget cuts, are major headwinds to growth. All this, combined with plunging consumer sentiment and weakening indicators like the Conference Board’s LEI, is contributing to recessionary fears.

Further warning bells were rung with the Atlanta Fed’s negative growth forecast for Q1 this year, the re-inverted yield curve, and nosediving consumer confidence. Economists on X are debating the situation, with Peter Schiff arguing that the US is already in a recession, and it’s only going to get worse.

Schiff warns that investors expecting lower inflation and long-term bond yields as a silver lining may be in for a rude awakening. The US economy’s future remains uncertain.

Also Read: Crypto Whale Loses $306M After Getting Liquidated on 50x Leverage Bet on Ethereum

Crypto Whale Loses $306M After Getting Liquidated on 50x Leverage Bet on Ethereum

A whale lost $306M after making a big bet on ETH with 50x leverage. Moral of the story: crypto’s a gamble.


A crypto whale just took a massive L, losing a whopping $306.85 million after his all-in ETH bet was liquidated. Here’s the twist: he was on 50x leverage, meaning his bets were super high-risk.

Starting on March 10, this year, the whale sold 947 ETH for $1.95M in USDC and used it to long ETH on Hyperliquid. As the days went on, he stacked up more and more ETH, pushing his position to 140,458 ETH (worth $269.8M). His entry price was $1,900.28, with a liquidation level of $1,805.

Things went downhill fast. ETH’s price dropped, and the whale’s position got wiped out when the price fell below the liquidation level. In minutes, 160,234 ETH worth $306.85 million was gone.

This huge liquidation is one of the biggest in crypto history. Trading with high leverage is like gambling – even small price changes can lead to massive losses. Many traders on X are using this as a lesson in risk management. Crypto can make you or break you in an instant.

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Binance Secures $2B Investment from MGX: Major Milestone for Crypto Industry

Binance gets a $2B investment from MGX in stablecoins. The biggest crypto company investment yet. CZ celebrates!

Big news for Binance! The crypto exchange just bagged a $2 billion investment from MGX, an investment firm from Abu Dhabi. This is Binance’s first institutional investment, and it’s a game-changer for the industry.

The deal was paid entirely in stablecoins, though the specific stablecoin wasn’t revealed. With this move, MGX gains a minority stake in Binance, making this the largest investment ever in a crypto company. Binance processes a whopping $20 billion in daily transactions, making it the king of the crypto world.

CZ (Changpeng Zhao), Binance’s founder, who also holds UAE citizenship, celebrated the news, calling it a “milestone”. According to MGX CEO Ahmed Yahia, the investment is part of their plan to accelerate blockchain and digital finance.

And here’s the kicker: About 20% of Binance’s global team is based in the UAE, and the region has been a stronghold for Binance despite regulatory challenges elsewhere.

This move further solidifies Binance’s grip on the global crypto market.

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Singapore and Vietnam Strengthen Ties with Digital Asset Cooperation

Summary: Vietnam and Singapore have signed a Letter of Intent (LOI) to collaborate on digital asset regulation and the regulation of capital markets. The agreement, signed between the Monetary Authority of Singapore (MAS) and Vietnam’s State Securities Commission (SSC), is intended to facilitate regulatory cooperation as well as the sharing of information.

This partnership will help Vietnam develop its regulatory system for digital assets and deepen cooperation in combating money laundering and counter-financing of terrorism. It is harmonious with the other economic ties between both nations, following an upgrade to Comprehensive Strategic Partnership.

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The signing of the LOI during a Singapore official visit was attended by Singapore Prime Minister Lawrence Wong and Vietnam General Secretary To Lam.

MAS Assistant Managing Director Lim Tuang Lee emphasized cross-border financial interconnectivity as key, while SSC Chair Vu Thi Chan Phuong characterized the agreement as a significant step towards promoting economic cooperation and having transparent financial markets.

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